NPORT-EX 2 edgar.htm
Schedule of Investments
September 30, 2023
(Unaudited)
  Principal
Amount 		Value
U.S. Government Sponsored Agency Mortgage-Backed Securities–106.43%
Collateralized Mortgage Obligations–5.56%
Fannie Mae Grantor Trust, Series 1999-T2, Class A1,
7.50%, 01/19/2039(a) 		      $100,063      $100,642
Fannie Mae Interest STRIPS,                         
IO,
7.50%, 01/25/2024 to 01/25/2032(b) 		       69,824        6,508
6.50%, 10/25/2024 to 02/25/2033(b)       958,045      137,198
7.00%, 02/25/2028(b)       157,928       13,423
8.00%, 05/25/2030(b)       224,219       36,495
6.00%, 02/25/2033 to 09/25/2035(b)(d)     1,282,063      185,741
5.50%, 11/25/2033 to 06/25/2035(b)       592,675       95,447
PO,
0.00%, 09/25/2032(c) 		       34,458       29,462
Fannie Mae REMICs,                         
4.00%, 07/25/2024 to 08/25/2047(b)       677,841      395,518
2.50%, 12/25/2025 to 08/25/2049(b)    21,227,572    2,984,718
5.50%, 12/25/2025 to 07/25/2046(b)       322,851       76,635
7.00%, 03/18/2027 to 05/25/2033(b)       386,339      211,990
6.50%, 10/25/2028 to 05/25/2033(b)        97,693       85,854
6.43% (30 Day Average SOFR + 1.11%), 12/25/2031 to 12/25/2032(e)       309,111      311,459
6.43% (30 Day Average SOFR + 1.11%), 03/18/2032 to 12/18/2032(e)       264,624      267,160
5.93% (30 Day Average SOFR + 0.61%), 08/25/2032 to 06/25/2046(e)       955,899      940,264
5.93% (30 Day Average SOFR + 0.61%), 10/18/2032(e)        29,637       29,390
5.83% (30 Day Average SOFR + 0.51%), 03/25/2033 to 03/25/2042(e)       167,673      164,703
5.77% (30 Day Average SOFR + 0.45%), 06/25/2035(e)       690,966      679,537
5.78% (30 Day Average SOFR + 0.46%), 08/25/2035 to 10/25/2035(e)       510,364      503,555
4.66% (24.57% - (3.67 x (30 Day Average SOFR + 0.11%))), 03/25/2036(e)       118,103      128,512
4.29% (24.20% - (3.67 x (30 Day Average SOFR + 0.11%))), 06/25/2036(e)       150,244      160,656
6.37% (30 Day Average SOFR + 1.05%), 06/25/2037(e)       583,943      585,813
5.88% (30 Day Average SOFR + 0.56%), 08/25/2037(e)       341,119      331,980
  Principal
Amount 		Value
Collateralized Mortgage Obligations–(continued)
6.61%, 06/25/2039(a)       $301,225      $307,491
5.00%, 04/25/2040       114,747      113,031
2.00%, 05/25/2044 to 03/25/2051(b)     6,418,789      978,382
IO,
3.00%, 10/25/2026 to 07/25/2045(b) 		    6,579,024    3,758,910
8.00%, 08/18/2027 to 09/18/2027(b)       120,540       10,581
0.75%, 10/25/2031(b)         2,788           45
1.27% (6.70% - (30 Day Average SOFR + 0.11%)), 10/25/2031 to 05/25/2035(b)(e)       534,191       30,575
2.47% (7.90% - (30 Day Average SOFR + 0.11%)), 11/25/2031(b)(e)        66,629        5,781
2.47% (7.90% - (30 Day Average SOFR + 0.11%)), 12/18/2031(b)(e)        50,188        3,281
2.52% (7.95% - (30 Day Average SOFR + 0.11%)), 01/25/2032(b)(e)        43,857        3,450
2.57% (8.00% - (30 Day Average SOFR + 0.11%)), 03/18/2032(b)(e)       105,167        8,817
2.67% (8.10% - (30 Day Average SOFR + 0.11%)), 03/25/2032 to 04/25/2032(b)(e)       141,893       13,262
1.57% (7.00% - (30 Day Average SOFR + 0.11%)), 04/25/2032 to 08/25/2032(b)(e)       226,598       13,885
2.37% (7.80% - (30 Day Average SOFR + 0.11%)), 04/25/2032(b)(e)        46,019        4,261
2.57% (8.00% - (30 Day Average SOFR + 0.11%)), 07/25/2032 to 09/25/2032(b)(e)       305,499       29,693
2.67% (8.10% - (30 Day Average SOFR + 0.11%)), 12/18/2032(b)(e)       190,588       14,093
2.82% (8.25% - (30 Day Average SOFR + 0.11%)), 02/25/2033 to 05/25/2033(b)(e)       251,425       30,197
6.00%, 05/25/2033(b)        14,746        2,299
0.62% (6.05% - (30 Day Average SOFR + 0.11%)), 03/25/2035 to 07/25/2038(b)(e)       735,727       33,891
1.32% (6.75% - (30 Day Average SOFR + 0.11%)), 03/25/2035(b)(e)        42,076        2,297
1.17% (6.60% - (30 Day Average SOFR + 0.11%)), 05/25/2035(b)(e)       155,858        6,946
 
See accompanying notes which are an integral part of this schedule.
Invesco Quality Income Fund
  Principal
Amount 		Value
Collateralized Mortgage Obligations–(continued)
3.50%, 08/25/2035 to 08/25/2042(b)     $1,366,650      $155,856
1.12% (6.55% - (30 Day Average SOFR + 0.11%)), 10/25/2041(b)(e)       127,924        7,968
0.72% (6.15% - (30 Day Average SOFR + 0.11%)), 12/25/2042(b)(e)       380,572       30,555
4.50%, 02/25/2043(b)       304,826       42,832
0.47% (5.90% - (30 Day Average SOFR + 0.11%)), 09/25/2047(b)(e)     1,584,212       88,059
, 02/25/2056(d)     4,320,376      229,785
Freddie Mac Multifamily Structured Pass-Through Ctfs.,                         
Series KC02, Class X1, IO,
1.91%, 03/25/2024(d) 		  207,308,996      544,228
Series KC03, Class X1, IO,
0.63%, 11/25/2024(d) 		   20,836,837       92,343
Series K051, Class X1, IO,
0.63%, 09/25/2025(d) 		   55,635,215      447,563
Series K734, Class X1, IO,
0.78%, 02/25/2026(d) 		   16,566,116      186,993
Series K735, Class X1, IO,
1.10%, 05/25/2026(d) 		   15,480,455      303,600
Series K093, Class X1, IO,
1.08%, 05/25/2029(d) 		   12,800,689      529,544
Series Q004, Class AFL,
5.54% (12 mo. MTA Rate + 0.74%), 05/25/2044(e) 		      352,235      352,160
Freddie Mac REMICs,                         
2.00%, 12/15/2023        45,180       44,843
4.26% (COFI 11 + 1.37%), 03/15/2024(e)         8,111        8,108
4.00%, 10/15/2024 to 03/15/2045(b)       207,910      125,907
3.50%, 11/15/2025 to 05/15/2032       527,027      499,597
3.00%, 07/15/2026 to 05/15/2040(b)     3,182,544      283,321
1.50%, 08/15/2027     5,999,314    5,508,312
6.95%, 03/15/2028        86,871       87,228
6.50%, 08/15/2028 to 03/15/2032       956,295      955,117
6.00%, 01/15/2029 to 04/15/2029       148,191      147,881
6.03% (30 Day Average SOFR + 0.71%), 01/15/2029 to 12/15/2032(e)        72,860       72,739
5.78% (30 Day Average SOFR + 0.46%), 02/15/2029(e)        75,156       74,525
6.33% (30 Day Average SOFR + 1.01%), 03/15/2029(e)        86,723       86,698
5.83% (30 Day Average SOFR + 0.51%), 06/15/2029 to 01/15/2033(e)       124,368      123,391
6.08% (30 Day Average SOFR + 0.76%), 07/15/2029(e)        21,329       21,276
8.00%, 03/15/2030        36,125       37,195
6.38% (30 Day Average SOFR + 1.06%), 08/15/2031(e)        71,615       72,261
5.93% (30 Day Average SOFR + 0.61%), 02/15/2032 to 03/15/2032(e)       215,926      214,144
  Principal
Amount 		Value
Collateralized Mortgage Obligations–(continued)
6.43% (30 Day Average SOFR + 1.11%), 02/15/2032 to 03/15/2032(e)       $146,426      $147,573
5.98% (30 Day Average SOFR + 0.66%), 03/15/2032 to 10/15/2036(e)       459,543      450,638
4.85% (24.75% - (3.67 x (30 Day Average SOFR + 0.11%))), 08/15/2035(e)        20,502       22,658
5.73% (30 Day Average SOFR + 0.41%), 03/15/2036(e)     1,117,563    1,092,640
5.88% (30 Day Average SOFR + 0.56%), 07/15/2037(e)        65,752       64,490
4.83% (30 Day Average SOFR + 0.61%), 03/15/2042(e)       101,095       98,923
IO,
0.57% (6.00% - (30 Day Average SOFR + 0.11%)), 03/15/2024 to 04/15/2038(b)(e) 		       61,935        1,803
2.22% (7.65% - (30 Day Average SOFR + 0.11%)), 07/15/2026(b)(e)        11,111          211
2.50%, 09/15/2027 to 09/25/2048(b)    10,088,443    1,928,486
3.27% (8.70% - (30 Day Average SOFR + 0.11%)), 07/17/2028(b)(e)         3,725           29
2.67% (8.10% - (30 Day Average SOFR + 0.11%)), 06/15/2029 to 09/15/2029(b)(e)       129,497        6,437
1.27% (6.70% - (30 Day Average SOFR + 0.11%)), 01/15/2035(b)(e)       627,546       24,167
1.32% (6.75% - (30 Day Average SOFR + 0.11%)), 02/15/2035(b)(e)        92,985        3,813
1.29% (6.72% - (30 Day Average SOFR + 0.11%)), 05/15/2035(b)(e)       146,920        5,931
1.57% (7.00% - (30 Day Average SOFR + 0.11%)), 12/15/2037(b)(e)        12,191          962
0.64% (6.07% - (30 Day Average SOFR + 0.11%)), 05/15/2038(b)(e)       780,355       45,324
, 02/15/2039(d)     1,683,155       95,079
0.82% (6.25% - (30 Day Average SOFR + 0.11%)), 12/15/2039(b)(e)       198,419       10,101
0.67% (6.10% - (30 Day Average SOFR + 0.11%)), 01/15/2044(b)(e)       262,854       21,078
Freddie Mac Seasoned Loans Structured Transaction, Series 2019-1, Class A2,
3.50%, 05/25/2029 		    2,000,000    1,803,736
See accompanying notes which are an integral part of this schedule.
Invesco Quality Income Fund
  Principal
Amount 		Value
Collateralized Mortgage Obligations–(continued)
Freddie Mac STRIPS,                         
IO,
3.00%, 12/15/2027(b) 		      $277,819       $12,780
3.27%, 12/15/2027(d)        72,148        2,963
6.50%, 02/01/2028(b)        18,093        1,655
7.00%, 09/01/2029(b)       181,710       22,961
7.50%, 12/15/2029(b)        13,545        1,851
8.00%, 06/15/2031(b)       336,491       59,467
6.00%, 12/15/2032(b)        69,228        8,328
0.00%, 12/01/2031 to 03/01/2032(c)       180,536      154,746
5.93% (30 Day Average SOFR + 0.61%), 05/15/2036(e)       505,012      497,838
Freddie Mac Structured Pass-Through Ctfs., Series T-54, Class 2A,
6.50%, 02/25/2043 		    1,194,982    1,194,229
Freddie Mac Whole Loan Securities Trust, Series 2015-SC02, Class 1A,
3.00%, 09/25/2045 		      239,178      205,838
      33,194,592
Federal Home Loan Mortgage Corp. (FHLMC)–27.66%
5.50%, 01/01/2024 to 05/01/2053    30,723,845   29,776,267
6.00%, 07/01/2024 to 10/01/2029       152,025      151,185
9.00%, 01/01/2025 to 05/01/2025         1,736        1,745
6.50%, 07/01/2028 to 04/01/2034       366,799      370,278
2.50%, 02/01/2031 to 04/01/2052    44,772,372   36,017,242
8.50%, 03/01/2031 to 08/01/2031        91,450       94,729
7.00%, 10/01/2031 to 10/01/2037       146,292      151,112
7.50%, 01/01/2032 to 08/01/2037     3,878,702    3,978,953
3.00%, 02/01/2032 to 05/01/2050    30,352,647   26,161,904
8.00%, 08/01/2032        53,526       55,054
5.00%, 01/01/2037 to 07/01/2052     8,861,703    8,434,628
4.50%, 05/01/2038 to 07/01/2052    16,404,320   15,248,503
5.35%, 07/01/2038 to 10/17/2038     1,012,494      993,461
5.45%, 11/25/2038     1,008,085      997,422
5.80%, 01/20/2039       428,017      419,691
4.00%, 06/01/2042 to 07/01/2049    16,688,131   15,220,891
3.50%, 09/01/2045 to 05/01/2050    17,212,762   15,098,859
2.00%, 01/01/2052    10,648,405    8,207,362
Series 43, Class PH,
6.50%, 10/17/2024 		        2,639        2,632
ARM,
3.33%, 11/01/2048(f) 		    4,023,910    3,932,051
      165,313,969
  Principal
Amount 		Value
Federal National Mortgage Association (FNMA)–39.63%
6.50%, 10/01/2023 to 11/01/2038     $1,747,602    $1,768,220
5.50%, 01/01/2024 to 04/01/2038     2,565,901    2,536,977
6.00%, 04/01/2024 to 05/01/2040     1,347,623    1,354,430
5.00%, 03/01/2025 to 01/01/2053     8,702,302    8,290,209
4.50%, 07/01/2025 to 07/01/2044     3,532,467    3,341,291
7.50%, 02/01/2027 to 08/01/2037     1,527,028    1,558,243
3.00%, 02/01/2029 to 01/01/2052    58,874,231   50,529,113
7.00%, 04/01/2029 to 01/01/2036     1,096,884    1,108,673
9.50%, 04/01/2030         2,599        2,624
5.63%, 08/01/2032        55,327       54,470
8.50%, 10/01/2032       129,718      135,391
8.00%, 04/01/2033       127,554      132,299
3.50%, 11/01/2034 to 05/01/2050    41,204,707   37,026,624
2.50%, 03/01/2035 to 11/01/2051    47,148,906   38,180,815
2.00%, 09/01/2035 to 03/01/2052    70,522,857   56,015,350
5.45%, 01/01/2038       235,263      231,662
4.00%, 02/01/2042 to 03/01/2050    33,622,071   30,619,425
ARM,
3.06% (1 yr. Refinitiv USD IBOR Consumer Cash Fallbacks + 1.58%), 04/01/2045(e) 		    4,011,569    3,930,368
      236,816,184
Government National Mortgage Association (GNMA)–23.32%
6.50%, 01/15/2024 to 10/15/2028        16,472       16,615
7.00%, 01/15/2024 to 01/20/2030       132,273      131,863
3.00%, 12/16/2025 to 02/20/2050     2,684,803    2,298,439
6.00%, 06/15/2028 to 04/20/2029        53,430       53,162
7.50%, 06/15/2028 to 08/15/2028        90,058       89,995
8.00%, 09/15/2028         2,782        2,778
5.50%, 05/15/2033 to 10/15/2034       247,253      242,169
7.06%, 11/20/2033(a)       627,979      641,383
5.00%, 11/20/2037       282,338      274,833
5.89%, 01/20/2039(a)       691,177      693,350
4.52%, 07/20/2041(a)       758,832      720,323
3.16%, 09/20/2041       539,510      518,658
3.71% (1 mo. Term SOFR + 0.56%), 07/20/2044(e)       408,102      395,850
3.50%, 05/20/2046 to 06/20/2050    11,258,685   10,007,223
4.00%, 02/20/2048 to 03/20/2050     3,912,460    3,533,840
See accompanying notes which are an integral part of this schedule.
Invesco Quality Income Fund
  Principal
Amount 		Value
Government National Mortgage Association (GNMA)–
(continued)
IO,
1.20% (6.65% - (1 mo. Term SOFR + 0.11%)), 04/16/2041(b)(e) 		    $1,059,336       $46,245
4.50%, 09/16/2047(b)       685,162      108,461
0.75% (6.20% - (1 mo. Term SOFR + 0.11%)), 10/16/2047(b)(e)       626,853       60,367
TBA,
2.00%, 10/01/2053(g) 		    4,984,000    3,941,059
2.50%, 10/01/2053(g)    23,848,000   19,494,768
3.00%, 10/01/2053(g)    16,250,000   13,774,414
3.50%, 10/01/2053(g)     3,900,000    3,416,461
4.50%, 10/01/2053(g)    16,000,000   14,781,875
5.00%, 10/01/2053(g)    18,040,000   17,095,719
5.50%, 10/01/2053(g)    14,730,000   14,295,005
6.00%, 10/01/2053(g)    27,300,000   27,052,594
Series 2020-137, Class A,
1.50%, 04/16/2062 		    7,810,000    5,642,129
      139,329,578
Uniform Mortgage-Backed Securities–10.26%
TBA,
4.00%, 10/01/2038(g) 		   11,600,000   10,950,672
2.00%, 10/01/2053(g)    28,779,000   21,896,772
2.50%, 10/01/2053(g)     6,055,000    4,806,855
4.50%, 10/01/2053(g)     7,600,000    6,978,344
5.00%, 10/01/2053(g)    10,680,000   10,076,747
6.00%, 10/01/2053(g)     6,700,000    6,612,586
      61,321,976
Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $727,974,447) 635,976,299
Commercial Paper–9.48%
Diversified Banks–9.48%
BNP Paribas S.A. (France), 0.00%, 02/08/2024     8,000,000    7,839,576
BPCE S.A. (France), 0.00%, 11/15/2023(h)    20,000,000   19,869,000
Societe Generale S.A. (France), 0.00%, 11/15/2023(h)    15,000,000   14,900,438
Toronto-Dominion Bank (The) (Canada), 5.94% (SOFR + 0.62%), 04/26/2024(e)(h)    14,000,000   14,015,324
Total Commercial Paper (Cost $56,621,815) 56,624,338
Asset-Backed Securities–6.19%
Adjustable Rate Mortgage Trust, Series 2005-7, Class 2A21, 0.77%, 10/25/2035(a)       152,296      129,964
Agate Bay Mortgage Trust, Series 2015-2, Class B1, 3.61%, 03/25/2045(a)(h)     1,341,088    1,197,883
Banc of America Funding Trust,                         
Series 2006-3, Class 5A5, 5.50%, 03/25/2036        23,010       19,484
Series 2006-A, Class 1A1, 4.76%, 02/20/2036(a)       168,845      156,031
  Principal
Amount 		Value
Bear Stearns Adjustable Rate Mortgage Trust, Series 2005-1, Class 2A1, 4.24%, 03/25/2035(a)       $596,174      $533,074
Benchmark Mortgage Trust, Series 2018-B1, Class XA, IO, 0.68%, 01/15/2051(d)    12,668,145      229,910
BINOM Securitization Trust, Series 2021-INV1, Class A1, 2.03%, 06/25/2056(a)(h)     2,929,194    2,472,455
CD Mortgage Trust, Series 2017-CD6, Class XA, IO, 1.01%, 11/13/2050(d)     6,602,009      152,544
Chase Mortgage Finance Corp.,                         
Series 2016-2, Class M4, 3.75%, 12/25/2045(a)(h)     1,447,889    1,222,695
Series 2016-SH1, Class M3, 3.75%, 04/25/2045(a)(h)     1,084,550      922,961
Chase Mortgage Finance Trust,                         
Series 2005-A1, Class 3A1, 3.93%, 12/25/2035(a)        13,368       11,585
Series 2007-A2, Class 2A1, 4.92%, 06/25/2035(a)       183,665      178,128
Series 2007-A2, Class 2A4, 4.92%, 06/25/2035(a)       169,667      163,768
Citigroup Commercial Mortgage Trust,                         
Series 2013-GC17, Class XA, IO, 0.97%, 11/10/2046(d)     2,074,996           99
Series 2017-C4, Class XA, IO, 1.17%, 10/12/2050(d)    17,061,930      500,676
Citigroup Mortgage Loan Trust,                         
Series 2004-UST1, Class A4, 5.91%, 08/25/2034(a)        41,291       38,062
Series 2005-11, Class A2A, 7.78% (1 yr. U.S. Treasury Yield Curve Rate + 2.40%), 10/25/2035(e)       456,609      422,608
Series 2006-AR2, Class 1A2, 2.56%, 03/25/2036(a)        10,559        9,895
COMM Mortgage Trust, Series 2015-CR24, Class XA, IO, 0.83%, 08/10/2048(d)    33,573,260      324,647
Commonbond Student Loan Trust, Series 2018-CGS, Class A1, 3.87%, 02/25/2046(h)       726,040      677,997
Countrywide Home Loans Mortgage Pass-Through Trust, Series 2004-29, Class 1A1, 5.97% (1 mo. Term SOFR + 0.65%), 02/25/2035(e)       138,043      123,275
Credit Suisse Mortgage Capital Trust, Series 2013-7, Class B1, 3.54%, 08/25/2043(a)(h)     1,205,722    1,124,218
Credit Suisse Mortgage Loan Trust, Series 2015-1, Class A9, 3.50%, 05/25/2045(a)(h)       306,868      266,896
CSFB Mortgage-Backed Pass-Through Ctfs., Series 2004-AR5, Class 5A1, 4.75%, 06/25/2034(a)       283,218      270,680
Deutsche Mortgage Securities, Inc. Re-REMIC Trust Ctfs., Series 2007-WM1, Class A1, 4.05%, 06/27/2037(a)(h)     1,403,908    1,225,670
Galton Funding Mortgage Trust, Series 2018-1, Class A33, 3.50%, 11/25/2057(a)(h)       285,311      249,672
See accompanying notes which are an integral part of this schedule.
Invesco Quality Income Fund
  Principal
Amount 		Value
GMACM Mortgage Loan Trust, Series 2005-AR3, Class 2A1, 2.96%, 06/19/2035(a)       $611,355      $551,929
GSAA Home Equity Trust, Series 2007-7, Class A4, 5.97% (1 mo. Term SOFR + 0.65%), 07/25/2037(e)        21,287       19,512
GSR Mortgage Loan Trust,                         
Series 2004-12, Class 3A6, 1.46%, 12/25/2034(a)       158,550      142,873
Series 2005-AR4, Class 6A1, 4.74%, 07/25/2035(a)        82,929       75,261
Invitation Homes Trust, Series 2018-SFR4, Class C, 6.85% (1 mo. Term SOFR + 1.51%), 01/17/2038(e)(h)     4,228,805    4,221,057
JP Morgan Mortgage Trust,                         
Series 2005-A1, Class 3A1, 4.55%, 02/25/2035(a)       372,679      349,433
Series 2005-A3, Class 6A5, 4.44%, 06/25/2035(a)       180,145      176,892
Series 2014-1, Class 1A17, 0.79%, 01/25/2044(a)(h)       555,144      500,293
Series 2017-5, Class A1, 3.54%, 10/26/2048(a)(h)       338,860      332,289
Series 2019-INV2, Class A15, 3.50%, 02/25/2050(a)(h)       140,168      122,431
JP Morgan Trust, Series 2015-3, Class A3, 3.50%, 05/25/2045(a)(h)       558,905      491,219
Luminent Mortgage Trust, Series 2006-1, Class A1, 6.15% (1 mo. Term SOFR + 0.83%), 04/25/2036(e)        29,843       24,656
MASTR Adjustable Rate Mortgages Trust, Series 2004-13, Class 2A2, 5.13%, 04/21/2034(a)        98,260       94,131
Merrill Lynch Mortgage Investors Trust,                         
Series 2005-3, Class 3A, 2.39%, 11/25/2035(a)       210,731      193,473
Series 2005-A, Class A1, 5.89% (1 mo. Term SOFR + 0.57%), 03/25/2030(e)       216,569      199,105
Morgan Stanley Capital I Trust, Series 2017-HR2, Class XA, IO, 0.99%, 12/15/2050(d)     5,419,099      159,213
Progress Residential Trust, Series 2020-SFR1, Class C, 2.18%, 04/17/2037(h)     2,500,000    2,340,165
Residential Accredit Loans, Inc. Trust,                         
Series 2006-QO2, Class A2, 5.97% (1 mo. Term SOFR + 0.65%), 02/25/2046(e)        40,763        8,290
Series 2006-QS13, Class 1A8, 6.00%, 09/25/2036        27,186       19,883
Sapphire Aviation Finance II Ltd., Series 2020-1A, Class B, 4.34%, 03/15/2040(h)     5,422,311    4,012,618
SGR Residential Mortgage Trust, Series 2021-2, Class A1, 1.74%, 12/25/2061(a)(h)     6,842,364    5,525,689
Shellpoint Asset Funding Trust, Series 2013-1, Class A3, 3.75%, 07/25/2043(a)(h)       368,500      334,376
  Principal
Amount 		Value
Structured Adjustable Rate Mortgage Loan Trust,                         
Series 2004-13, Class A2, 5.73% (1 mo. Term SOFR + 0.41%), 09/25/2034(e)       $223,025      $192,065
Series 2004-20, Class 3A1, 4.14%, 01/25/2035(a)        43,775       43,014
Structured Asset Mortgage Investments II Trust, Series 2005-AR2, Class 2A1, 5.89% (1 mo. Term SOFR + 0.57%), 05/25/2045(e)       429,636      381,836
Structured Asset Sec Mortgage Pass-Through Ctfs., Series 2002-21A, Class B1II, 6.56%, 11/25/2032(a)        15,614       15,314
UBS Commercial Mortgage Trust, Series 2017-C5, Class XA, IO, 1.21%, 11/15/2050(d)    10,090,143      275,601
Vendee Mortgage Trust,                         
Series 1999-3, Class IO, 0.00%, 10/15/2029(d)     3,328,797            3
Series 2001-3, Class IO, 0.00%, 10/15/2031(d)     1,741,962            2
Series 2002-2, Class IO, 0.00%, 01/15/2032(d)     4,849,144           82
Series 2002-3, Class IO, 0.24%, 08/15/2032(d)     5,535,533       25,629
Series 2003-1, Class IO, 0.05%, 11/15/2032(d)     9,103,154       16,469
Verus Securitization Trust, Series 2019-INV3, Class A2, 2.95%, 11/25/2059(a)(h)       789,160      758,649
WaMu Mortgage Pass-Through Ctfs. Trust,                         
Series 2003-AR10, Class A7, 4.69%, 10/25/2033(a)       122,112      114,261
Series 2007-HY2, Class 2A1, 4.57%, 11/25/2036(a)        41,782       37,414
Wells Fargo Commercial Mortgage Trust, Series 2017-C42, Class XA, IO, 1.01%, 12/15/2050(d)     9,016,476      262,198
Zaxby’s Funding LLC, Series 2021-1A, Class A2, 3.24%, 07/30/2051(h)     2,842,000    2,369,398
Total Asset-Backed Securities (Cost $43,769,830) 37,011,600
Agency Credit Risk Transfer Notes–3.81%
Fannie Mae Connecticut Avenue Securities,                         
Series 2022-R03, Class 1M1, 7.41% (30 Day Average SOFR + 2.10%), 03/25/2042(e)(h)     4,081,528    4,131,150
Series 2022-R06, Class 1M1, 8.06% (30 Day Average SOFR + 2.75%), 05/25/2042(e)(h)     3,213,059    3,295,103
Series 2023-R02, Class 1M2, 8.66% (30 Day Average SOFR + 3.35%), 01/25/2043(e)(h)     5,550,000    5,762,413
See accompanying notes which are an integral part of this schedule.
Invesco Quality Income Fund
  Principal
Amount 		Value
Freddie Mac,                         
Series 2022-DNA4, Class M1B, STACR®, 8.66% (30 Day Average SOFR + 3.35%), 05/25/2042(e)(h)     $4,615,000    $4,793,538
Series 2022-HQA3, Class M1, STACR®, 7.61% (30 Day Average SOFR + 2.30%), 08/25/2042(e)(h)     4,726,753    4,803,768
Total Agency Credit Risk Transfer Notes (Cost $22,318,315) 22,785,972
Certificates of Deposit–1.68%
Diversified Banks–1.68%
Wells Fargo Bank N.A., 5.83% (SOFR + 0.50%), 01/19/2024(e)
(Cost $10,000,000) 		   10,000,000   10,007,921
  Principal
Amount 		Value
U.S. Treasury Securities–0.22%
U.S. Treasury Bills–0.22%
4.75% - 4.78%, 04/18/2024
(Cost $1,345,895)(i)(j) 		    $1,381,000    $1,340,911
  Shares  
Money Market Funds–1.83%
Invesco Government & Agency Portfolio, Institutional Class, 5.26%(k)(l)
(Cost $10,934,992) 		 10,934,992   10,934,992
TOTAL INVESTMENTS IN SECURITIES–129.64% (Cost $872,965,294) 774,682,033
OTHER ASSETS LESS LIABILITIES—(29.64)% (177,121,104)
NET ASSETS–100.00% $597,560,929
Investment Abbreviations:
ARM – Adjustable Rate Mortgage
COFI – Cost of Funds Index
Ctfs. – Certificates
IBOR – Interbank Offered Rate
IO – Interest Only
MTA – Moving Treasury Average
PO – Principal Only
REMICs – Real Estate Mortgage Investment Conduits
SOFR – Secured Overnight Financing Rate
STACR® – Structured Agency Credit Risk
STRIPS – Separately Traded Registered Interest and Principal Security
TBA – To Be Announced
USD – U.S. Dollar
Notes to Schedule of Investments:
(a) Interest rate is redetermined periodically based on the cash flows generated by the pool of assets backing the security, less any applicable fees. The rate shown is the rate in effect on September 30, 2023.
(b) Interest only security. Principal amount shown is the notional principal and does not reflect the maturity value of the security.
(c) Zero coupon bond issued at a discount.
(d) Interest only security. Principal amount shown is the notional principal and does not reflect the maturity value of the security. Interest rate is redetermined periodically based on the cash flows generated by the pool of assets backing the security, less any applicable fees. The rate shown is the rate in effect on September 30, 2023.
(e) Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on September 30, 2023.
(f) Security issued at a fixed rate for a specific period of time, after which it will convert to a variable rate.
(g) Security purchased on a forward commitment basis. This security is subject to dollar roll transactions.
(h) Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at September 30, 2023 was $101,939,365, which represented 17.06% of the Fund’s Net Assets.
(i) All or a portion of the value was pledged as collateral to cover margin requirements for open futures contracts.
(j) Security traded on a discount basis. The interest rate shown represents the discount rate at the time of purchase by the Fund.
(k) Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended September 30, 2023.
    
  Value
December 31, 2022 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation 		Realized
Gain 		Value
September 30, 2023 		Dividend Income
Investments in Affiliated Money Market Funds:              
Invesco Government & Agency Portfolio, Institutional Class $16,552,417 $121,259,201 $(126,876,626) $- $- $10,934,992 $325,587
    
(l) The rate shown is the 7-day SEC standardized yield as of September 30, 2023.
    
See accompanying notes which are an integral part of this schedule.
Invesco Quality Income Fund
Open Futures Contracts(a)
Long Futures Contracts Number of
Contracts 		Expiration
Month 		Notional
Value 		Value Unrealized
Appreciation
(Depreciation)
Interest Rate Risk
U.S. Treasury 10 Year Ultra Notes 104 December-2023 $11,602,500 $(367,860) $(367,860)
U.S. Treasury Long Bonds 128 December-2023 14,564,000 (795,373) (795,373)
U.S. Treasury Ultra Bonds 10 December-2023 1,186,875 (90,624) (90,624)
Subtotal—Long Futures Contracts (1,253,857) (1,253,857)
Short Futures Contracts          
Interest Rate Risk
U.S. Treasury 2 Year Notes 115 December-2023 (23,311,758) (14,238) (14,238)
U.S. Treasury 5 Year Notes 458 December-2023 (48,254,594) 183,011 183,011
U.S. Treasury 10 Year Notes 37 December-2023 (3,998,312) (18,425) (18,425)
Subtotal—Short Futures Contracts 150,348 150,348
Total Futures Contracts $(1,103,509) $(1,103,509)
    
(a) Futures contracts collateralized by $1,011,596 cash held with Goldman Sachs International, the futures commission merchant.
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Invesco Quality Income Fund
Notes to Quarterly Schedule of Portfolio Holdings
September 30, 2023
(Unaudited)
NOTE 1—Additional Valuation Information
Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:
Level 1 – Prices are determined using quoted prices in an active market for identical assets.
Level 2 – Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others.
Level 3 – Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect Invesco Advisers, Inc.’s assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.
The following is a summary of the tiered valuation input levels, as of September 30, 2023. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.
  Level 1 Level 2 Level 3 Total
Investments in Securities        
U.S. Government Sponsored Agency Mortgage-Backed Securities $— $635,976,299 $— $635,976,299
Commercial Paper — 56,624,338 — 56,624,338
Asset-Backed Securities — 37,011,600 — 37,011,600
Agency Credit Risk Transfer Notes — 22,785,972 — 22,785,972
Certificate of Deposit — 10,007,921 — 10,007,921
U.S. Treasury Securities — 1,340,911 — 1,340,911
Money Market Funds 10,934,992 — — 10,934,992
Total Investments in Securities 10,934,992 763,747,041 — 774,682,033
Other Investments - Assets*        
Futures Contracts 183,011 — — 183,011
Other Investments - Liabilities*        
Futures Contracts (1,286,520) — — (1,286,520)
Total Other Investments (1,103,509) — — (1,103,509)
Total Investments $9,831,483 $763,747,041 $— $773,578,524
    
* Unrealized appreciation (depreciation).
Invesco Quality Income Fund